Solana Lender Solend Sees Significant Rise in Tokens and Deposits Amid MarginFi Clash

Thursday, 11 April 2024, 19:37

Solend's token spiked by 44% and deposits hit a record high following a dispute with rival MarginFi. The controversy stirred market dynamics, leading to a surge in Solend's performance.
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Solana Lender Solend Sees Significant Rise in Tokens and Deposits Amid MarginFi Clash

Solana Lender Solend Sees Significant Rise

Solend's token witnessed a remarkable increase of 44% in value, drawing substantial attention from investors. This surge was accompanied by a surge in deposits, reaching the highest daily level since 2022.

Market Reaction to MarginFi Dispute

The clash with MarginFi had a profound impact on Solend's market performance. Founder's actions stirred a buzz in the financial space, influencing market sentiments and fueling the rise in Solend's tokens and deposits.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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